Serbia’s Economy Remains a Chained Balkan Tiger

For all the optimistic talk of a ‘golden age’ around the corner, Serbia’s economic growth has been disappointingly weak – and is likely to remain so, unless the government radically changes its priorities.

The last six years have not been the best in the history of Serbia’s economic development. They are not even among the best if we look only at the years following the collapse of Slobodan Milosevic’s regime.

Economic growth for 2018 is expected to be 4.2 per cent, according to the EBRD, but only as a result of very disappointing growth of 1.9 per cent in 2017.

And this is not the end of the troubles. Leading institutions in the field, such as the IMF, the World Bank and the Serbian government’s Fiscal Council, expect long-term growth for Serbia to average just 3.5 to 4 per cent in the next five years.

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